News

Q-Lana Joins 150 Other Financial Institutions to Promote SME Finance

Washington, D.C. March 19, 2019 –  Q-Lana became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs.  

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News

Q-Lana Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. March 19, 2019 –  Q-Lana became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses worldwide need financing to...
Member News: Spartan SME Finance Secures Funding
SME Finance Forum member, Spartan SME Finance, has secured a R100-million investment from The SA SME Fund to anchor its R600-million debt financing fund, with half of the investment or R50-million, to be channelled to black African owned businesses, Ventureburn reports. The funding will be immediately available to Spartan SME Finance to boost its...
India SME Forum Helps SMEs Grow Their Business
SME Finance Forum member Grab, secures $1.46 billion from SoftBank Vision Fund. As Southeast Asia’s “leading super app” the company will use the funds to advance in areas such as, financial services, food delivery, parcel delivery, content and digital payments, according to the release. “We have been blessed with overwhelming shareholder support...
Member News: OPIC Provides Financing to Solar Energy Transformation Fund
SME Finance Forum member Overseas Private Investment Corporation (OPIC), the U.S. Government’s development finance institution, has provided initial financing to SunFunder’s $85 million Solar Energy Transformation Fund which supports businesses providing solar solutions to some of the millions of people in Sub-Saharan Africa and India who lack...
Member News: IDB Invest Increases Credit to SMEs in Panama
SME Finance mMember, IDB Invest, the private sector institution of the Inter-American Development Bank (IDB) Group signed a loan of up to $29.25 million with Metrobank of Panama to increase financing to SMEs. The loan will improve the access of Panamanian SMEs to financial products and services. Furthermore, IDB Invest will facilitate a training...
Member News: EIF Helps Baltic Small Businesses Meet Their High-Growth Potential
SME Finance Forum member, The EIB Group, is committing resources from the Baltic Innovation Fund, a Fund-of-Fund initiative launched with the Governments of Lithuania, Latvia and Estonia in order to boost equity investments made into Baltic small and medium businesses with high growth potential. “We are pleased with the successful completion of...
4G Capital Joins 150 Other Financial Institutions to Promote SME Finance
Washington, D.C. January 29, 2019 –  4G Capital became the newest member of the SME Finance Forum, a global membership network that brings together financial institutions, technology companies, and development finance institutions to share knowledge, spur innovation, and promote the growth of SMEs. “200 million businesses worldwide need financing...
Member News: Development Bank of Nigeria Share Results of Commitment to MSMEs
Proshare shared results of the Development Bank of Nigeria, that hosted a year-to-date business presentation on its activities since inception. Those results include N31.364bn Spent in 2018 on MSMEs and 35,000 MSMEs End-Borrowers Benefitted in 2018, among other accomplishments. Established in 2017 the Development Bank of Nigeria is regulated by...
Member News: EIB to Support women-ran SMEs in Romania
SME Finance Forum member, The European Investment Bank (EIB), is lending EUR 22.3m to Garanti Bank Romania to support businesses in Romania. EUR 5m of the loan amount is devoted to female entrepreneurs, matched by another EUR 5m from Garanti Bank. This transaction is backed by the European Fund for Strategic Investments (EFSI), the financial...
Member News: OPIC Loans $138m to Banco Regional for SMEs in Paraguay
SME Finance Forum member The Overseas Private Investment Corporation (OPIC), an agency of the U.S. government that facilitates investment by U.S.-based firms in developing countries, recently loaned Banco Regional SAECA USD $138 million for on-lending to small and medium-sized enterprises in Paraguay. A portion of the loan proceeds are intended to...